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from "politico" this morning -- that is a little bit from "politico" on that fiscal cliff. david, thank you for holding. caller: yes, good morning. host: what do you think about hillary clinton could go future? caller: i do not think she will run. [indiscernible] we have the man that we need [indiscernible] we are not working. there is no way the government can be supported. host: that was david from georgia them but we are able to bring you some live events to date on c-span. this afternoon, the annual christmas tree lighting. the president will be there. that will be live at 4:30 p.m. eastern time. you will be able to see the lights on the national christmas tree. that is held right in front of the white house just south of the white house. jay on our boat page says -- says -- page scott is an independent from florida. caller: good afternoon, c-span. i am going to say some things you probably do not want to hear but there are the truth about hillary clinton. i think she is very intelligent and on top of her game. when i look back at her career when her husband was preside
from "politico" this morning -- that is a little bit from "politico" on that fiscal cliff. david, thank you for holding. caller: yes, good morning. host: what do you think about hillary clinton could go future? caller: i do not think she will run. [indiscernible] we have the man that we need [indiscernible] we are not working. there is no way the government can be supported. host: that was david from georgia them but we are able to bring you some live events to date on...
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Dec 5, 2012
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president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless but guess what, not homeless. city officials say jeffrey hillman does have stable housing, an parm in the bronx. they say he's lived there rent-free for the past three years. but hillman regularly panhandles in times square. >> a former boy scout who says he was sexually abused is suing is the boy scouts of america. the lawsuit claims his former troop leader, thomas hacker was barred from the group in indiana in the 1970s but was able to rejoin as a volunteer in illinois in the 1980s. hacker was arrested in 1988, later convicted in the aggravated sexual assault of an
president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless...
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Dec 6, 2012
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cliff, house minority leader nancy pelosi spoke to reporters about the issue. she called the republican proposal "an assault on middle- class and seniors." >> good morning. here we are. thursday in december, the talk around here is what is going not at the negotiating table. is anything going on at the negotiating table? what is important, i think, is what is happening at kitchen tables across america. the relationship to decisions that are made here to what those discussions are. i think it is important to take a moment to see the context with which these negotiations are taking place. the middle class -- and we saw the republican plan, the proposal was an assault on a middle-class, seniors and on our future. when you look at kitchen tables across the country and how people are concerned about how they pay their bills, it is important to know that all of those decisions the mermaid to the economic security -- the decisions that are made have an impact on middle class families and on the prospects of the future for the young people and their families. when we l
cliff, house minority leader nancy pelosi spoke to reporters about the issue. she called the republican proposal "an assault on middle- class and seniors." >> good morning. here we are. thursday in december, the talk around here is what is going not at the negotiating table. is anything going on at the negotiating table? what is important, i think, is what is happening at kitchen tables across america. the relationship to decisions that are made here to what those discussions...
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as part of the fiscal cliff talks. first up here on overview from a capitol hill reporter on social security. >> here to talk about the prop program and how it is involved in these discussions. steven joining us from the associated press where he's a reporter. thank you for being here. how many people in america receive social security and how much do they get? guest: a little bit more than 56 million people get social security and the average benefit is a little over $12,000 -- let's see, a little over $1,200 a month. so maybe it's like $13,000, $14,000 a year. host: and we're talking about retirees. also, though, the disabled. guest: yes, yes. actually we have a fairly wide group of people get social security benefits. retired workers, spouses, children, disabled workers, widows, widowers. it's actually a fairly big social safety net of people who get social security benefits. host: as you mentioned, about 56 million beneficiaries. those retirees receive about $1,200 a month on average. the benefits for the disabled,
as part of the fiscal cliff talks. first up here on overview from a capitol hill reporter on social security. >> here to talk about the prop program and how it is involved in these discussions. steven joining us from the associated press where he's a reporter. thank you for being here. how many people in america receive social security and how much do they get? guest: a little bit more than 56 million people get social security and the average benefit is a little over $12,000 -- let's...
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Dec 12, 2012
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we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes. 19% said they would be willing to give up host: we would like to hear what deduction you would give up. you can weigh in on our facebook page, there's a poll set up where you can tell us specifically which interests you the most, or perhaps wh
we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be...
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Dec 13, 2012
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cliff this morning. here's an article from "washington times" -- now this is from "politico." a situation that was in the paper couple weeks ago. looks li finally, before we go to phone calls, this article from the daily caller -- again, that is reported in the daily caller. we begin with a call from diane in julian, california, on our democratic line. caller: good morning, peter. my prediction came true, reelecting a president. women against violence acts, being held up by the house. john boehner and the republican house majority leader eric cantor. i tweeted last night quiet late saying the republicans are going to gang up on john boehner. there is an article in the new york times showing they feel he is dragging his feet and waiting until january 3. i also understand that the chairman of the government oversight and reform committee darrell issa, which is from our district here, is holding up the vote on the women against violence act also, which involves the illegals, native americans, and lgbt. this
cliff this morning. here's an article from "washington times" -- now this is from "politico." a situation that was in the paper couple weeks ago. looks li finally, before we go to phone calls, this article from the daily caller -- again, that is reported in the daily caller. we begin with a call from diane in julian, california, on our democratic line. caller: good morning, peter. my prediction came true, reelecting a president. women against violence acts, being held up by...
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Dec 11, 2012
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in the meantime while fiscal cliff negotiations continue, we hosted a roundtable discussion about the debt talks and domestic program cuts on this morning's "washington journal." can host: isabel sawhim and james capretta. mr. capretta, let me begin with you. are these sequester cuts devastating? guest: they would be deep cuts. 80% cut across the board is a very significant one-time cut for any program to sustain in the immediate year period. so they're not a good idea. would it be the end of the world? no. host: what do you mean by that? guest: there would be a downsizing of a lot of services across the government in terms of domestic accounts. so there would be fewer services being provided. there would be reduce in federal employees. some grant programs would take a haircut of 5%, 10%. so there would be some downsizing of the services that are provided by the federal government. but the economy would go on and the government would go on and the public would still continue to get by and large serviced. host: can agencies manage this? have they in the past? guest: we've managed sques
in the meantime while fiscal cliff negotiations continue, we hosted a roundtable discussion about the debt talks and domestic program cuts on this morning's "washington journal." can host: isabel sawhim and james capretta. mr. capretta, let me begin with you. are these sequester cuts devastating? guest: they would be deep cuts. 80% cut across the board is a very significant one-time cut for any program to sustain in the immediate year period. so they're not a good idea. would it be...
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Dec 7, 2012
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a lot of columns this morning talking about this issue, the ongoing fiscal cliff negotiations. here is "the washington post." we are taking your thoughts on the issue. but gutted the independent line. welcome to the "washington journal." caller: i agree also with a caller on the democrat line. i agree with what he was referring to -- c-span changing a with bias. the issues, they did not talk about it. the ones who are behind it are the political parties. the industrial military complex host: if the country does off of the fiscal cliff, who do you think it's more of the blame on this? it is the president of the united states or congress? caller: the people are being brainwashed to not speak up and get together like an tahrir square and rise up and say, we have to do it with this. we have to do away with destroying the country. we have to do away with $1 billion to a number of countries including israel. host: all right. we want to point out this from "usa today," in there opinion page. we are taking your calls for the next half hour or so on this segment. i want to point out a p
a lot of columns this morning talking about this issue, the ongoing fiscal cliff negotiations. here is "the washington post." we are taking your thoughts on the issue. but gutted the independent line. welcome to the "washington journal." caller: i agree also with a caller on the democrat line. i agree with what he was referring to -- c-span changing a with bias. the issues, they did not talk about it. the ones who are behind it are the political parties. the industrial...
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we continue our fiscal cliff coverage, "mission critical, rise above d.c." we've heard a lot after a morning of interviews and action on capitol hill. here is what we know now. just a short while ago house speaker boehner said he's still waiting on a solid plan from president obama. >> i'm hopeful we can reach an agreement. this is a serious issue. there's a lot at stake. the person people sent us here to work together towards the best possible solution, and that means cutting spending. the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. >> meanwhile despite all of the back and forth, the market is seemingly optimistic today. at least some form of a deal will be released. we've been up 100 points on the dow industrials for the past hour. senator mark warner of virginia perhaps putting it best saying compared to the size of our economy the current proposals are relatively small and government should step up and get a deal done. >> we're joined by representative lee terry, rep
we continue our fiscal cliff coverage, "mission critical, rise above d.c." we've heard a lot after a morning of interviews and action on capitol hill. here is what we know now. just a short while ago house speaker boehner said he's still waiting on a solid plan from president obama. >> i'm hopeful we can reach an agreement. this is a serious issue. there's a lot at stake. the person people sent us here to work together towards the best possible solution, and that means cutting...
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negotiations continue on the fiscal cliff. this morning, negotiations and how they were going. host: let's begin with what is business forward? guest: it is an organization with a very simple mission. our job is to try to make it easier for business leaders are around the country to speak out on issues of public policy. host: is this a brand-new organization? guest: we have been around for about three and a half years. our target market our business leaders around the country. we try to get them more involved in the policy-making process. we bring administration officials, members of congress out to cities across the country to do briefings with business leaders and then we bring those business leaders to washington to tell them how to grow jobs and how to recover. what do the business leaders say to the president? guest: we have brought 50 plus different groups to the white house to talk to the president's economic advisers. we have brought about 370 business leaders representing 32 different states. the message they are giving is pretty consistent with simpson- bowles and how
negotiations continue on the fiscal cliff. this morning, negotiations and how they were going. host: let's begin with what is business forward? guest: it is an organization with a very simple mission. our job is to try to make it easier for business leaders are around the country to speak out on issues of public policy. host: is this a brand-new organization? guest: we have been around for about three and a half years. our target market our business leaders around the country. we try to get...
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cliff. the group is urging congress to take immediate action to avoid those automatic tax increases and spending cuts come january. president obama is saying that with the way speaker boehner plan stands now, no deal. >> unfortunately the speaker's proposal is out of balance. we will have to see the rates on the top 2% go up and we are not going to be able to get a deal without it. >> that was an exclusive with bloomberg t.v. and the first televised interview since the president's re-election. as you heard, taxes are the big issue blocking this deal from taking place. president obama is calling for downhill the amount of tax revenue as speaker boehner over the next tens years, most from the nation's top earners. many. republicans say that's not the way to handle this. here is marco rubio. >> it wouldn'ting make a small bent in the debt but it would heard middle class businesses. >> the g.o.p. could be risking a civil war over this issue. it does not look like obama is ready to cave. if that
cliff. the group is urging congress to take immediate action to avoid those automatic tax increases and spending cuts come january. president obama is saying that with the way speaker boehner plan stands now, no deal. >> unfortunately the speaker's proposal is out of balance. we will have to see the rates on the top 2% go up and we are not going to be able to get a deal without it. >> that was an exclusive with bloomberg t.v. and the first televised interview since the president's...
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cheryl: they are leaving town despite the fact we are nowhere close to a deal on the fiscal cliff. what is going on, rich edson? "imus in the morning" rich: house republicans will host the events with small business leaders in their districts and highlight what republicans say will be the economic damage small-business from raising income-tax rates on families earning $250,000 a year. president obama is leaving washington too though he is only heading across the potomac river, going to suburban virginia to speak to a middle-class family and he will press congress to protect those making less than $250,000 a year from tax increases by raising rates on those making more. in washington it is the same fight. >> president obama, democrats in congress have ever been ambiguous, provide economic security for 90% of american families and 97% of small businesses asking the wealthiest 2% to contribute just a little more to stop this runaway debt. >> what the president is really interested in as we learned just yesterday he is getting as much taxpayer money as he can first by raising taxes on
cheryl: they are leaving town despite the fact we are nowhere close to a deal on the fiscal cliff. what is going on, rich edson? "imus in the morning" rich: house republicans will host the events with small business leaders in their districts and highlight what republicans say will be the economic damage small-business from raising income-tax rates on families earning $250,000 a year. president obama is leaving washington too though he is only heading across the potomac river, going...
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with the fiscal cliff looming, how will it affect holiday shopping? that story coming up. >> and the radar looks messy right now, heavier rain showers coming in from northern virginia. details in the insta-weather plus forecast. >> trackidy hits the dallas cowboys one day before they're scheduled to play the bengals. the latest on the arrest of one player and death of another. >> you're watching wbal-tv 11, live, local, late breaking. [captioning made possible by constellation energy group] >> good morning and welcome to 11 news sunday morning, i'm franciotti. lisa has the day off. >> i'm kerry cavanaugh. first, a look outside with ava and it was soupy today. >> like pea soup. it's a mess out there. we basically have all this fog we have to deal with, showers, as well, to watch for. earlier this morning, low visibility because of the dense fog from baltimore county to st. mary's county and eastbound, the lower eastern shore and delaware, as well. if you look at the radar, you can see showers across baltimore city moving up 95 into white marsh into edg
with the fiscal cliff looming, how will it affect holiday shopping? that story coming up. >> and the radar looks messy right now, heavier rain showers coming in from northern virginia. details in the insta-weather plus forecast. >> trackidy hits the dallas cowboys one day before they're scheduled to play the bengals. the latest on the arrest of one player and death of another. >> you're watching wbal-tv 11, live, local, late breaking. [captioning made possible by constellation...
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." >> coming up, just 22 days until the fiscal cliff deadline. most of the work of course going on behind closed doors between speaker boehner and president obama but this morning i'll go inside the negotiations with two lawmakers closest to them. top white house ally in the senate, dick durbin of illinois and congressman kevin mccarthy of california. i spent time on capitol hill this week. the one question i want to know this morning, what has changed since the debt debacle of last summer? the sense is we may be closer to a deal that posturing leads you to believe. we'll talk about that with our political roundtable, as well, with newt gingrich and msnbc's lawrence o'donnell and the 2016 speculation has begun. that's coming up. >> now, your 11 insta-weather plus forecast with ava marie. >> good morning. the time is 9:39, it is 53 degrees downtown. that's a live look from skycam right now, a couple of rain drops still on the camera lens. 50 degrees at b.w.i. marshall where the humidity has dropped to 93%, down from a 100% humidity earlier this mo
." >> coming up, just 22 days until the fiscal cliff deadline. most of the work of course going on behind closed doors between speaker boehner and president obama but this morning i'll go inside the negotiations with two lawmakers closest to them. top white house ally in the senate, dick durbin of illinois and congressman kevin mccarthy of california. i spent time on capitol hill this week. the one question i want to know this morning, what has changed since the debt debacle of last...
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i did not think we have used the words fiscal cliff this monday morning. >> we have not. i had a very high class economist, strategists, d.c. insider. they were optimistic. they see this fiscal cliff at the end of the year. even if it is a bad deal, we will have much stronger growth at the back half. stuart: do they think president obama gets the credit for this? >> they were not really keen on saying that at that very moment. certainly, if we fall off the cliff, it will be the republicans fault. >> i think it will be a bad deal. i do not see serious spending
i did not think we have used the words fiscal cliff this monday morning. >> we have not. i had a very high class economist, strategists, d.c. insider. they were optimistic. they see this fiscal cliff at the end of the year. even if it is a bad deal, we will have much stronger growth at the back half. stuart: do they think president obama gets the credit for this? >> they were not really keen on saying that at that very moment. certainly, if we fall off the cliff, it will be the...
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our "starting point" this morning, president obama says he will not bend in this fiscal cliff debate. americans face the prospect of severe tax hikes, spending cuts if republicans and democrats can't get together to work out some deal. congress breaks for the holidays in ten days. if they don't extend that, it will be ten days from then that we fall off the fiscal cliff. >> if we're going to be serious about reducing our deficit while still being able to invest in things like education and research and development that are important to our growth and if we're going to protect middle class families, then we're going to have to have higher rates for the wealthiest americans, folks like me. >> white house correspondent dan loa lothian is in washington, d.c. this morning. so who has the ball? and whose court is it in at this point? >> reporter: first of all, we know that house gop had that counter offer, which white house spokesman jay carney has referred to as, quote, magic beans and fairy dust. we expect for republicans to put pressure on the white house to engage. in addition to that,
our "starting point" this morning, president obama says he will not bend in this fiscal cliff debate. americans face the prospect of severe tax hikes, spending cuts if republicans and democrats can't get together to work out some deal. congress breaks for the holidays in ten days. if they don't extend that, it will be ten days from then that we fall off the fiscal cliff. >> if we're going to be serious about reducing our deficit while still being able to invest in things like...
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goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he will run and it comes after sylvia berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. carolyn ross is in italy following the details there. can you walk us through the time frame here? when are we expected monte to step down? what happens next? >> good morning to you, kelly. here is the time frame for you. over the next few weeks, we're expecting the budget stability law to b
goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the...
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mcconnell: with the fiscal cliff fast approaching, i feel the need to point out something this morning that's perfectly obvious to most americans but which democrats in washington still don't seem to grasp. i'm referring to the fact that any solution to our spending and debt problem has to involve cuts to out-of-control washington spending. i know that might sound obvious to most people but for all the president's talk about the need for a balanced approach, the truth is he and his democratic allies simply refused to be pinned down on any spending cuts. americans overwhelmingly support some level of cuts to government spending as part of a plan to cut the federal deficit. yet, the president will not commit to it. he refuses to lead on the issue. the president seems to think if all he talks about are taxes and that's all reporters write about, somehow the rest of us will magically forget that government spending is completely out of control and that he himself has been insisting on balance. a couple of weeks ago we saw his plan. after four straight trillion-dollar deficits and two years
mcconnell: with the fiscal cliff fast approaching, i feel the need to point out something this morning that's perfectly obvious to most americans but which democrats in washington still don't seem to grasp. i'm referring to the fact that any solution to our spending and debt problem has to involve cuts to out-of-control washington spending. i know that might sound obvious to most people but for all the president's talk about the need for a balanced approach, the truth is he and his democratic...
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. >>> meanwhile, when you hear the term fiscal cliff, you probably think about higher taxes, right? could it also have an impact on what we eat? first, a very good morning to washington dc, a foggy start on this sunday, december 9th.si eenx a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super
. >>> meanwhile, when you hear the term fiscal cliff, you probably think about higher taxes, right? could it also have an impact on what we eat? first, a very good morning to washington dc, a foggy start on this sunday, december 9th.si eenx a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved...
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host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we not able to have money in the economy? guest: on the medicare aside -- this is a very important issue were one needs a lot of public a lot -- a lot of public education about the numbers and the reality. the gap between peril taxes paid in and premiums paid into medicare and spending going out his $3 billion per year. that program is a big part of the problem. it is also true of medicaid and ssi, i think they should all be looked at carefully we have sold this section to the american public that they pay a dime into a program, they deserve all the benefits. the gap between what you pay into medicare and w
host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we not able to have...
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Dec 13, 2012
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host: our series on the fiscal cliff continues this morning with a dive into social security. here to talk about the program and how it is involved in the discussions, the negotiations over america's financial future, is stephen ohlemacher, joining us from the associated press, where he is a reporter. how much social security do people get? guest: a little more than 66 million people. the average benefit is a little over $12,000 -- a little over $1,200 a month. maybe $13,000 a year or so. host: we are talking about retirees and the disabled. guest: a fairly wide group of people receive social security benefits. retired workers, spouses, children, disabled workers, widows, widowers. a big safety net of people. host: retirees receive about $1,200 a month on average. the benefits for the disabled, $1,100 a month on average. how does social security get financed? guest: it has been a self-funded program since its inception. it is funded by payroll taxes. there's a 12.4% tax on wages up to about $110,000. if you make more than that, any money you make over that is not taxed as part
host: our series on the fiscal cliff continues this morning with a dive into social security. here to talk about the program and how it is involved in the discussions, the negotiations over america's financial future, is stephen ohlemacher, joining us from the associated press, where he is a reporter. how much social security do people get? guest: a little more than 66 million people. the average benefit is a little over $12,000 -- a little over $1,200 a month. maybe $13,000 a year or so. host:...
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. >> and tomorrow morning's "washington journal", peter welch, on the latest development of the fiscal cliff negotiation. after that, joe shaw looks at the estate tax, which is set to go up the end of the year plus, your e-mails, phone calls, and tweets. "washington journal" is live at 7:00 a.m. eastern on c-span. now come in a discussion of how the military and national security might be a affected by spending cuts at the first of the year. part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking of unsustainable, in the nixon white house in which i served, the chairman of the council, if something is unsustainable, he says it co
. >> and tomorrow morning's "washington journal", peter welch, on the latest development of the fiscal cliff negotiation. after that, joe shaw looks at the estate tax, which is set to go up the end of the year plus, your e-mails, phone calls, and tweets. "washington journal" is live at 7:00 a.m. eastern on c-span. now come in a discussion of how the military and national security might be a affected by spending cuts at the first of the year. part of the so-called...
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time of tension, we're looking at the fiscal cliff, to really use a few minutes to pay a tribute to two wonderful, outstanding senators who will be leaving us at the end of this term that i have served with. wonderful women named senator olympia snowe of maine and senator kay bailey hutchison of texas. dear friends across the other side of the aisle but though they were on the other side of the aisle there was no great divide between us. we have known each other for many years. a -- a few words i'd like to say about my very dear friend, senator olympia snowe. i served with senator snowe both in the house of representatives and then in the united states senate. wow. what an outstanding senator and congressperson she has been. and i know we will continue to see senator snowe in some type of role in public service, because that's just the kind of person she is. she is deeply in her d.n.a. a public servant. senator snowe has served her state of maine and our nation so well. she's one of our most respected members of congress, known for her civility, her sensibility, her mastery of the s
time of tension, we're looking at the fiscal cliff, to really use a few minutes to pay a tribute to two wonderful, outstanding senators who will be leaving us at the end of this term that i have served with. wonderful women named senator olympia snowe of maine and senator kay bailey hutchison of texas. dear friends across the other side of the aisle but though they were on the other side of the aisle there was no great divide between us. we have known each other for many years. a -- a few words...
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. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in tomorrow for the fiscal cliff coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much be
. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible...
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going over the fiscal cliff doesn't mean your taxes go up, it means programs and services that touch virtually every aspect of american life are downsized. good morning, everyone. i'm kristine romans. america can't afford itself. a long-term debt and deficit problems, and these are the folks who have to fix it. how close are they? >> i think we're going over the cliff. >> we can't sit here and try to figure out what works for them. >> we look forward to the time when they are specific. >> they need to be more specific. >> they have to be willing to come to the table with specifics. >> we've not had any discussion and specifics with this president about the real problem. >> we need a response from the white house. we can't sit here and negotiate with ourselves. >> i will not play that game. >> further apart than ever. you've heard endless arguing about higher taxes on the rich. let's set that aside and talk about the sequester the budget wonk word for a thing that will touch every american. $1.2 trillion in automatic budget cuts over the next decade, 100 billion next year alone, half
going over the fiscal cliff doesn't mean your taxes go up, it means programs and services that touch virtually every aspect of american life are downsized. good morning, everyone. i'm kristine romans. america can't afford itself. a long-term debt and deficit problems, and these are the folks who have to fix it. how close are they? >> i think we're going over the cliff. >> we can't sit here and try to figure out what works for them. >> we look forward to the time when they are...
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cliff and the broader economy. we'll start with this morning's other top stories. dan, welcome, great to have you here. >> great to be here. >> we want to find out about a lot of things including the housing market, because i know you have a really good feel for it. >> there's a lot to talk about that's for sure. >> the cliff and some of the stuff happening in michigan as well. >>> netflix received a notice from the s.e.c. regulators warning that they may bring civil action against the company and reed hastings for violating public disclosure rules by posting something on facebook. back on july 3rd the ceo posted and here's the quote netflix monthly viewing exceeded 1 billion hours for the first time ever in june which seems -- he thought that was fairly innocuous, but the s.e.c. says it violates regulation fd which is the public disclosure. you have to make full and fair public disclosure of what would be considered material nonpublic information. and hastings says this is crap. he's dismissing the s.e.c. contenti
cliff and the broader economy. we'll start with this morning's other top stories. dan, welcome, great to have you here. >> great to be here. >> we want to find out about a lot of things including the housing market, because i know you have a really good feel for it. >> there's a lot to talk about that's for sure. >> the cliff and some of the stuff happening in michigan as well. >>> netflix received a notice from the s.e.c. regulators warning that they may bring...
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cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that it is important to address entitlement reform, something they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox n
cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that...
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finally meeting face-to-face over the fiscal cliff. they sat down at the white house yesterday. neither side is discussing details. both agree the lines of communication remain open. massive tax hikes and spending cuts take hold in 22 days if the two leaders can't work out a deal. >> a busy day sunday at seattle city hall. 133 same-sex couples tied the knot. sarah and emily cover were among the first couples to get married. the same-sex couples married sunday in seattle were among the first to pick up their marriage licenses last thursday. the state required a three-day waiting period before ceremonies. >>> european union leaders are in oslo to receive the nobel peace prize. hundreds of protesters have been braving oslo's snow. the prize was meant to honor contributions to disarmament and eu member states account for a third of global arms exports. >> thanks, christine. >>> it is now 15 minutes after the hour. time for "early read," your local newsmaking national headlines. a big medical story in the "philadelphia enquirer." it's in a
finally meeting face-to-face over the fiscal cliff. they sat down at the white house yesterday. neither side is discussing details. both agree the lines of communication remain open. massive tax hikes and spending cuts take hold in 22 days if the two leaders can't work out a deal. >> a busy day sunday at seattle city hall. 133 same-sex couples tied the knot. sarah and emily cover were among the first couples to get married. the same-sex couples married sunday in seattle were among the...
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the question for you this morning, are you prepared if the nation goes off the fiscal cliff? it's the ultimate game of chicken. who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. th
the question for you this morning, are you prepared if the nation goes off the fiscal cliff? it's the ultimate game of chicken. who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for...
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about the fiscal cliff negotiations. host: and here on "washington journal," we are going to continue our look that we've done over the last couple of weeks at the so-called fiscal cliff and its impact on taxes and spending and some other issues. and today we're focusing on the issue of medicare, and our guest is mary agnus carey, senior health care correspondent for the kaiser health care news. mary agnus, just as a reminder for our viewers, how is medicare funded? guest: well, medicare has part a is funded by payroll taxes, gets taken out of their checks. part b and d. part b is your outpatient service and part d is prescription drugs and it's funded by yn revenue. host: is it self-sustaining? does it pay for itself? guest: in the sense general revenues pays for it, its needs are met and then the medicare trustees says the program is funded through 2024 in part because of the reductions in the health care law to providers and here we're talking about the part a trust fund. as we know 50 million people rely on this prog
about the fiscal cliff negotiations. host: and here on "washington journal," we are going to continue our look that we've done over the last couple of weeks at the so-called fiscal cliff and its impact on taxes and spending and some other issues. and today we're focusing on the issue of medicare, and our guest is mary agnus carey, senior health care correspondent for the kaiser health care news. mary agnus, just as a reminder for our viewers, how is medicare funded? guest: well,...
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cliff. the avalanche is different. the only thing you know about avalanches, you know when the conditions are present. you know when the snowpack has built up to the point where it could happen. you do not know when it is going to happen, you just know it is coming. once it hits you, the avalanche becomes completely impossible to control. do you agree with this characterization about the avalanche? could you elaborate about that kind of threat? >> would you mind if i steal that from you? i will give you credit. i think it is right. i do think -- that is why what you're doing now is so important. this is a once in a generation opportunity for you to nail these things down. we're not that far apart. i really do not think we are. if you are able to put us on a credible path to fiscal sustainability, do it in a balanced way, i think we are golden. i think we will avoid that avalanche. if we do not do that, ultimately, it means we will never do it until we're forced by that avalanche. >> how soon
cliff. the avalanche is different. the only thing you know about avalanches, you know when the conditions are present. you know when the snowpack has built up to the point where it could happen. you do not know when it is going to happen, you just know it is coming. once it hits you, the avalanche becomes completely impossible to control. do you agree with this characterization about the avalanche? could you elaborate about that kind of threat? >> would you mind if i steal that from you?...
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get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative base. they put the re-knews on the table. what troubles me -- now that the ball is in the white hou
get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create...
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good morning, mr. dave. and let's start with the fiscal cliff. we were just talking to becky about it. what's the best way for you to gauge where market is expecting a compromise here? >> good morning, kelly and ross. thanks for having me. you know what? one of the main things that the trading community has been looking at is a defense contractor. these guys are ground zero for any fiscal cliff stress. yesterday when the president got on and the future started selling off, we were watching the defense contractors. they weren't sliding whatsoever. so we were telling our clients, this is a near term blip in the market. unfortunately we are surrounding by headline trading. but a lot of the underlying current right now seem to be saying that the deal is saturdaying to come together. and i think becky hit it right on the head in the prior segment saying we're not seeing these guys in front of the cameras. they're in the rooms talking, which is important. so we keep telling clients, watch these defense contractors. it has utx, it has boeing, it has loc
good morning, mr. dave. and let's start with the fiscal cliff. we were just talking to becky about it. what's the best way for you to gauge where market is expecting a compromise here? >> good morning, kelly and ross. thanks for having me. you know what? one of the main things that the trading community has been looking at is a defense contractor. these guys are ground zero for any fiscal cliff stress. yesterday when the president got on and the future started selling off, we were...
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becausing cnbc because they were broadcasting live about the fiscal cliff. and who do they have live? but grover norquist. isn't he just so yummy. you just want to hit him with a bat -- [ buzzer ] >> stephanie: the "stephanie miller show" does not endorse hitting him in a bat. >> however, if we were to drawn that would be ironic. >> stephanie: there going the norquist! [ applause ] >> stephanie: looky here it is a hate letter from someone named jeff. hey, steph, i don't actually watch your show -- >> then >> stephanie: oh jeff you can watch again in ten minutes -- >> or you would not watch it for another three-hours. >> stephanie: we're incredibly popular thanks to people like you that don't watch but have thoughts about it. hey, steph, i don't actually watch your show it's just that the cable channel has your show sandwiched between two relevant show. kind of like you and lie have your head sandwiched between your two but cheeks. he didn't even spell it wrong. i just wanted to say hi, and asked if you realized how much more productive if you would be if you
becausing cnbc because they were broadcasting live about the fiscal cliff. and who do they have live? but grover norquist. isn't he just so yummy. you just want to hit him with a bat -- [ buzzer ] >> stephanie: the "stephanie miller show" does not endorse hitting him in a bat. >> however, if we were to drawn that would be ironic. >> stephanie: there going the norquist! [ applause ] >> stephanie: looky here it is a hate letter from someone named jeff. hey,...
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i know we're being told we are at the edge of a fiscal cliff. we did not arrive there by not paying enough taxes. the federal government spends insane amounts of money and even by reducing us all to serfs, the taxes will not cover the spending. well said. here's jerry from lamar. she said, please stop spending our money. walk away from the table if they're not willing to stop wasting our hard-earned money. reform the entitlements and lower the taxes. nothing else in my opinion is acceptable. do not go back to the clinton era. that administration led use in a recession and do not raise the inheritance tax. and then listen to this, she said, i am from a family of farmers. that will kill our family and many others and make it impossible to keep farms that have been in our family for generations. that is the most unfair tax there is. this country will not survive more blows to small business and the middle class. stop the insanity and stop it soon. and finally from patrigsa in jefferson city, she said, i want to voice my opinion on what's happening
i know we're being told we are at the edge of a fiscal cliff. we did not arrive there by not paying enough taxes. the federal government spends insane amounts of money and even by reducing us all to serfs, the taxes will not cover the spending. well said. here's jerry from lamar. she said, please stop spending our money. walk away from the table if they're not willing to stop wasting our hard-earned money. reform the entitlements and lower the taxes. nothing else in my opinion is acceptable. do...
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host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. it's attached to social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we not able to have money in the economy? guest: on the medicare aside -- this is a very important issue were one needs a lot of public a lot -- a lot of public education about the numbers and the reality. the gap between peril taxes paid in and premiums paid into medicare and spending going out his $3 billion per year. that program is a big part of the problem. it is also true of medicaid and ssi, i think they should all be looked at carefully we have sold this section to the american public that they pay a dime into a program, they deserve all the benefits. the gap between what you pay in
host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. it's attached to social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we...
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cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving down right after we saw mr. bernanke give his press conference. we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something folks, september 14 is the high for the s&p this year. you know why that is important in september 13 is the fed meeting. they bought into the fed meeting and sold right after that, sue. and they are doing that again today. we are repeating what happe
cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving...
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the fiscal cliff, top of mind for wall street this morning. adp out with the monthly look of private sector employment at 8:15 eastern time. economists think this report will show that the united states added 125,000 private sector jobs in november. president obama's going to be speaking to the business round table today about the ongoing fiscal cliff talks. boeing ceo jim mcnerny says the business leaders want a balanced solution to short and long-term deficit issues. >>> and facebook is joining the nasdaq 100 index. it will be joining the index next wednesday and replaces tech firm emphasis who is moving to the new york stock exchange. >>> our guest host here to take on the financial cliff as well as false assumptions investors may be making about what the markets will do come january. joining us is dan greenhouse and chris walen, senior managing director. just looking through some of your comments, dan, you don't think we should go over, obviously. >> well, we were -- chris and i were joking in the green room. a lot of the policies in the c
the fiscal cliff, top of mind for wall street this morning. adp out with the monthly look of private sector employment at 8:15 eastern time. economists think this report will show that the united states added 125,000 private sector jobs in november. president obama's going to be speaking to the business round table today about the ongoing fiscal cliff talks. boeing ceo jim mcnerny says the business leaders want a balanced solution to short and long-term deficit issues. >>> and facebook...
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president and speaker hold a fiscal cliff call. there is a problem, the white house doesn't want to budge. >> we face no agreement that doesn't involve the rates going up on the top two percent. >> gretchen: so is it really progress or a stand still. >> steve: meanwhile the reverend behind this nativity scene. live pictures and he has a message from the federal government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished."fox and friendst now. ♪ ♪ "fox and friends". >> steve: a house is something that is not easy to misplace. if you leave it there, you come back and it is there. >> gretchen: you hope that happens. we'll fill you in on the details. in the meantime what happen in a phone call. a lot can happen, right. you can get in fights and agreements
president and speaker hold a fiscal cliff call. there is a problem, the white house doesn't want to budge. >> we face no agreement that doesn't involve the rates going up on the top two percent. >> gretchen: so is it really progress or a stand still. >> steve: meanwhile the reverend behind this nativity scene. live pictures and he has a message from the federal government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas...
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tomorrow morning, a program looking at the fiscal cliff and what could happen if the budget cuts set to go in effect take place in january. we will hear from jim doyle on how the fiscal cliff could affect businesses and charles park from the government executive media group. he will look at domestic program cuts. then more and your e-mail, phone calls and tweets. that's on "washington journal" tomorrow morning starting at 7:00. on capitol hill, a house is back in tomorrow. members will consider whether to send negotiators to meet with the senate on defense department programs for next year. off the floor of negotiations continuing over the fiscal clef. that's a combination of tax increases and spending cuts set to begin in january. live coverage of the house tomorrow at 2:00 eastern on c- span. earlier today, the pew center on the states held a discussion about the 2012 election and this upcoming panel focused on voter registration and on-line registration compared to using paper and mail. this is about one hour. the next discussion is a topic near and dear to our heart -- it's our v
tomorrow morning, a program looking at the fiscal cliff and what could happen if the budget cuts set to go in effect take place in january. we will hear from jim doyle on how the fiscal cliff could affect businesses and charles park from the government executive media group. he will look at domestic program cuts. then more and your e-mail, phone calls and tweets. that's on "washington journal" tomorrow morning starting at 7:00. on capitol hill, a house is back in tomorrow. members...
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. >>> and americans want a deal on the fiscal cliff now. john harwood will be along with those results. >>> and the mysterious john mcafee is back on u.s. soil after being on the run
. >>> and americans want a deal on the fiscal cliff now. john harwood will be along with those results. >>> and the mysterious john mcafee is back on u.s. soil after being on the run
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as the house wraps up, boehner briefed reporters on the status of the fiscal cliff talks. this is 10 minutes. >> good morning, everyone. more than five weeks ago republicans signaled our willingness to avert the fiscal cliff with a bipartisan agreement that is truly balanced and begins to solve our spending problems. president still has not made an offer that meets those two standards. republicans have. while the president promised the american people a balanced approach, his proposals have been anything but. he wants far more in tax hikes and spending cuts he'd once new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts for -- or reforms. it is clear the president is not serious about cutting spending. spending is a problem. how big the problem? look at this chuart. this line is the current base line for revenue. here, if the president got everything he wanted, over $1.40 trillion in taxes, this is what that would represent. if you look at the spending problem, you see it does nothing. nothing to stop the spending problem that our
as the house wraps up, boehner briefed reporters on the status of the fiscal cliff talks. this is 10 minutes. >> good morning, everyone. more than five weeks ago republicans signaled our willingness to avert the fiscal cliff with a bipartisan agreement that is truly balanced and begins to solve our spending problems. president still has not made an offer that meets those two standards. republicans have. while the president promised the american people a balanced approach, his proposals...
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. >> caller: i'm a little offtoppic from the fiscal cliff but i think i can bring us back. >> stephanie: all right. >> caller: there was a shooting on an indian reservation a couple of days ago. five people were left dead. a shooting was -- has happened in oregon. the media keeps hyping up the fiscal cliff and they actually had a report on cnn where they were showing this woman blathering about how she's going to lose her unemployment and everything and i feel like there seems to be a tie-in between the economy, what's going on and this constant rampage. i'm wondering what at point is our government going to speak about it. i'm not one to condone removing all guns. we need to have a conversation. >> stephanie: also, i think everybody's going a little crazy around the holidays. i think there are a lot of factors right now. everybody i know is -- we're having mutual bitch session all day on the phone. 17 minutes after the hour. kids, i don't know what we would do without carbonite here at the "the stephanie miller show." t-bone has all of our contacts, guest names and numbers in his compu
. >> caller: i'm a little offtoppic from the fiscal cliff but i think i can bring us back. >> stephanie: all right. >> caller: there was a shooting on an indian reservation a couple of days ago. five people were left dead. a shooting was -- has happened in oregon. the media keeps hyping up the fiscal cliff and they actually had a report on cnn where they were showing this woman blathering about how she's going to lose her unemployment and everything and i feel like there seems...
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the president will speak on the fiscal cliff. what a day shaping up this morning. there's a look at s&p on the top of your screen. opening bell in a moment here at the big board. a limited partnership formed by marathon. celebrating the recent ipo. over at the nasdaq, a limited liability company celebrating the recent listing. >> fabulous company for people looking for high yield in the 401(k). they can't use it because of the tax break. >> very nice. a couple interesting notes about today. the anniversary of greenspan's speech on this date back in 1996 in which the dow closed at 6,437. >> a classic buy opportunity that was. >> when it hit 6400 in '09 it was a good opportunity too. >> yesterday s&p closes at 1,407. one year earlier 1,409. lost two points over the course of the year. >> it does look like nothing has happened. >> it's all beneath the surface. intel will be one to keep an eye on. $6 billion buyback going back to markets to fund that theme that is intact. >> obviously there is secular decline of pcs. raymond james goes from hold to sell. intel has a ba
the president will speak on the fiscal cliff. what a day shaping up this morning. there's a look at s&p on the top of your screen. opening bell in a moment here at the big board. a limited partnership formed by marathon. celebrating the recent ipo. over at the nasdaq, a limited liability company celebrating the recent listing. >> fabulous company for people looking for high yield in the 401(k). they can't use it because of the tax break. >> very nice. a couple interesting notes...
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. >> the so the president has made it very, very clear, drawn a line, no fiscal cliff deal without higher tax rates for the highest earningers, tax rates have got to go up. question, what will speaker boehner have to say about that? his reaction will be new at ten this morning. mark stein is going to be here as well and he'll join us to explore that and more. we have an oil and mining deal to tell, but. freeport mcmoran and copper and gold will have exploration and two separate deals for 9 billion in cash and stock. i'm not quite sure what all of that means. just tell me the stock price, nicole. >> it means big moves for these two stocks here. freeport mcmoran is now down over 15%, but when you look at plains exploration and production, a big mover to the upside and that's up 23. stuart: i'm trying to get this. freeport mcmoran, they're the ones that are doing the buying and plains exploration are the people who are being bought. so the people who are being bought go up because they're paying a high price and the people who are paying the money out are going down. have i got that roughly
. >> the so the president has made it very, very clear, drawn a line, no fiscal cliff deal without higher tax rates for the highest earningers, tax rates have got to go up. question, what will speaker boehner have to say about that? his reaction will be new at ten this morning. mark stein is going to be here as well and he'll join us to explore that and more. we have an oil and mining deal to tell, but. freeport mcmoran and copper and gold will have exploration and two separate deals for...